Compensation

Compensation, 14th Edition, by Barry Gerhart, published by McGraw-Hill Higher Education, is a textbook that translates compensation theory and empirical research into practical guidance for managing pay. The volume emphasizes total compensation and its relevance for achieving sustainable competitive advantage through a focus on theory, research, and practice.

The text examines internal alignment and external competitiveness. Coverage addresses job analysis, job-based structures, job evaluation, and person-based structures, alongside the determination of pay levels, pay mix, and pay structures.

In addition, the textbook explores employee contributions through pay-for-performance models and performance appraisals. It also examines the benefit determination process, executive pay, union roles in wage administration, and international pay systems.